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Black Mountain Resources Collects Channel Samples At New Departure Silver Mine

Black Mountain Resources (ASX:BMZ) has identified clear sulphides in channel samples taken from the main haulage level of its New Departure Silver Mine in Montana.

This is part of an ongoing program to commence mine production.

The company had in the last week taken 118 samples from the mine, 48 of which were from the Blue Dot Level where samples last year returned high silver grades up to 5,194 grams per tonne.

These samples were collected to complete its 3D mine model.

The Blue Dot Level will access both the Bonanza Zone and Main Zone historical mining blocks at New Departure and will form a key part of production from the mine moving forward.

"Activity is increasing at New Departure as we tick off the remaining milestones prior to commencing production at our first of two high grade silver mines in the U.S.," chairman Pete Landau said.

"The only outstanding operational hurdles are the receipt of further results from metallurgical testwork and the confirmation of the toll treat agreement with a local mill.

"The results of these channel samples will further solidify our mine planning in the coming weeks and, upon the finalisation of additional financing, we will be in a strong position to put our high grade, low cost production model into gear with a view to creating significant value for shareholders.

"We are pleased to see the recent upticks in precious metal prices and believe that investor interest is returning to the sector. We feel we are in a strong position in an upcoming renewed positive precious metals cycle."

Black Mountain is planning low cost production and development programs across New Departure as well as its Conjecture Silver and Tabor Gold-Silver projects.

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